IntoTheBlock: 61% of ETH holders are currently in profit

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ODAILY
09-16
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According to IntoTheBlock, the proportion of profitable holders fell to a low of 46% in the recent bear market, while after the 2017 cycle, the proportion fell to just 3%. This comparison shows that Odaily's current cycle shows greater resilience, and many holders remain profitable even in downturns, reflecting stronger confidence in the long-term value of ETH. During 2019/2020, ETH's profitable addresses fell below 10%. While similar situations could cause the bear market to return to its lows, the current market suggests that any downturn may not be that severe.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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